Nirmala Sitharaman to table the Economic Survey 2024-25 in Parliament

Finance Minister Nirmala Sitharaman is set to table the Economic Survey 202425 in Parliament on Friday afternoon providing crucial insights into the countrys economic performance and shaping expectations for the upcoming Union Budget 2025 ANI reportedAhead of the presentation the finance minister left her residence and reached the ParliamentAs is the convention Sitharaman will table the prebudget detailed state of the economy document in front of the Parliament a day ahead of the Union Budget presentation for the next fiscal year 202526The Economic Survey will be tabled in Lok Sabha at 12 noon and at 2 PM in Rajya Sabha ANI citedUnder the direction of the chief economic adviser the Economic Division of the Department of Economic Affairs in the Ministry of Finance prepared the Economic Survey document which provides information on the state of the economy and a number of indicators for 2024ndash25 AprilndashMarch as well as some projections for the upcoming fiscal yearAccording to ANI the document might also provide some insight into the style and tone of the actual 2025ndash2026 budget which is scheduled for presentation on SaturdayThe first economic survey reportedly came into existence back in 195051 when it used to be a part of the budget documents In the 1960s it was separated from the Budget documents and presented the day before the release of the Union BudgetIn 2022 the central theme was Agile Approach which highlighted Indias economic response to the COVID19 pandemic shock In 2023 it was recovery complete when the economy staged a broadbased recovery from pandemicinduced contraction RussianUkraine conflict and inflation and ascended to the prepandemic growth path In 2024 the focus is on economic resilience ANI reportedThe Survey document usually includes new needbased chapters that require extra attention in addition to the sectoral partsFor the rest of the Modi 30 term all eyes will be on the governments major announcements and its outlook on the economy The economys weak GDP and consumption are the backdrop for this upcoming budgetSitharaman will have presented his sixth budget with this upcoming presentation Surpassing the previous record held by Former Prime Minister Morarji Desai who served as finance minister from 1959 to 1964 and presented five annual budgets and one interim budgetThe JulyndashSeptember quarter of the current fiscal year 2024ndash2025 saw a 54 percent real growth in the Indian economy Compared to the RBIs prediction of 7 percent growth the quarterly growth was significantly lower Indias GDP expanded more slowly in the AprilndashJune quarter than the central bank had predictedParliaments budget session is scheduled to begin on January 31 and conclude on April 4The budget will be presented on February 1 The Union Budget will be presented to the Lok Sabha by the Finance Minister at 11 am on budget day The governments economic objectives proposed revenue and expenditure plans tax reforms and other noteworthy announcements will all be included in the budget speech ANI inputsWith inputs from ANI